loss

A bike is purchased for $200 and sold for $150. Determine the percentage of profit or loss. Since sale price is less than purchase price, we have a loss: Loss = Sale Price - Purchase Price Loss = 150 - 200 Loss = -50 Calculate percent loss: Percent Loss = 100% * Loss / Purchase Price Percent...

A person paid $60 for a vase at an estate auction. She resold it to an antiques dealer for $50. What was her profit or loss She lost, since the sale price was less than the purchase price. The loss is calculated as: 50 - 60 = -$10